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Old 09-15-2020 | 02:08 PM
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Default Earnings Call

That was big. Looks like the next 1-3 years will see huge growth per earnings call. They (CEO Level) are calling it "The new normal".

1 FedEx Corp. Reports Strong First Quarter Results MEMPHIS, Tenn., September 15, 2020 ... FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude TNT Express integration expenses as described below): Fiscal 2021 Fiscal 2020 As Reported (GAAP)Adjusted (non-GAAP)As Reported (GAAP)Adjusted (non-GAAP)Revenue $19.3 billion $19.3 billion $17.0 billion $17.0 billion Operating income $1.59 billion $1.64 billion $0.98 billion $1.05 billion Operating margin 8.2% 8.5% 5.7% 6.1% Net income $1.25 billion $1.28 billion $745 million $800 million Diluted EPS $4.72 $4.87 $2.84 $3.05

Last edited by Noworkallplay; 09-15-2020 at 02:21 PM.
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Old 09-15-2020 | 07:05 PM
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Which means...they can increase our A plan
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Old 09-15-2020 | 07:16 PM
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Originally Posted by PeterGriffin
Which means...they can increase our A plan
AGREE!! And B plan (uncapped) and pay rates.
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Old 09-15-2020 | 09:57 PM
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If you think they are gonna increase the A-plan without making us earn it.... We wont get an A-plan increase without also getting a red letter at some point. Have we taken a “vote” since the 98 contract? No.
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Old 09-16-2020 | 02:07 AM
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Originally Posted by MEMA300
If you think they are gonna increase the A-plan without making us earn it.... We wont get an A-plan increase without also getting a red letter at some point. Have we taken a “vote” since the 98 contract? No.

We “earn it” everyday...
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Old 09-16-2020 | 04:53 AM
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Originally Posted by PeterGriffin
Which means...they can increase our A plan
Really sucks how FedEx wasn't profitable (enough) back in 2014 or 15.

Shoot, I'll bet they're going to restore the Portable Pension for our non-contractual FedEx brethren now that FedEx is making $$ again.
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Old 09-16-2020 | 05:04 AM
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Originally Posted by MEMA300
If you think they are gonna increase the A-plan without making us earn it.... We wont get an A-plan increase without also getting a red letter at some point. Have we taken a “vote” since the 98 contract? No.
This ^^^^^^^ We will have to call some bluffs by the company. Especially since the rest of the industry is in concession negotiations as we speak.
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Old 09-16-2020 | 05:17 AM
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Originally Posted by kronan
Really sucks how FedEx wasn't profitable (enough) back in 2014 or 15.

Shoot, I'll bet they're going to restore the Portable Pension for our non-contractual FedEx brethren now that FedEx is making $$ again.
That’s exactly what a lot of us thought when we settled for less in 2015. But, if I remember correctly, you were a supporter of the 2015 contract.
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Old 09-16-2020 | 06:38 AM
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Well, if we can’t negotiate an A plan increase in these unprecedented profitable times for our company, we are truly pathetic
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Old 09-16-2020 | 11:32 AM
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Originally Posted by PeterGriffin
Well, if we can’t negotiate an A plan increase in these unprecedented profitable times for our company, we are truly pathetic
Profits was not a problem in 2015 either and that group didn't hold the line.
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